Sukanya Samriddhi Account Yojana Interest Rate 2017

Prime Minister Shree Modi know if he want to move nation forward, he must push girls who fall behind because of weak social thinking. To do this he do lots one of them is “Suknya Samriddhi Account Yojana“. While Launching Sukanya Samriddhi Account Yojana his mantra is “Beti Bachoo, Betti Paddo”. The Scheme features attracts lots of girl child parent to save money in daughter early age. Higher Sukanya Samriddhi Account Yojana interest rate than other small saving scheme and tax saving benefit (EEE) that is Exempt-Exempt-Exempt(interest earn and maturity amount all are exempted from tax) made SSA scheme more attractive than other social schemes.

When you compare Sukanya Samriddhi Yojana with Public Provident Fund (PPF)you find maturity value is comparatively more because of Sukanya Samriddhi Account Yojana Interest Rate.

The Sukanya Samriddhi Yojana Account was lauched with initial interest of 9.1 % p.a compounded annually now today the interest rate is just 9.4 % p.a.

Complete Revision of Sukanya Samriddhi Account Yojana Interest rate

Fiscal Year

Interest Rate

1

2014-15

9.1

2

2015-16

9.2

3

Q1 of 2016-17

8.6

4

Q2 of 2016-17

8.6

5

Q3 of 2016-17

8.5

6

Q4 of 2016-17 till now

8.4

How Your investment is effected because of changing Interest rate of Sukanya Samriddhi Account Yojana ? For This we take same example one person having beautiful daughter open account SSA in post office and start investing in Rs 1,000. Below we show table for all 5 interest rate and show how maturity changes.